Basically with QPN and its current Mcap of 11m presents a very good opportunity to invest in a oily penny with huge potential in the ST.
Quest Petroleum 15% Amazon prospect is expected to spud in October from what we have been told by head office or November from HC:) and is likely to take six weeks to drill to a total depth of 4,880 metres, testing several thick horizons of over-pressured sediments within an interpreted tilted faultblock structure where strong seismic AVO anomalism supports a case for discovery of gas and oil at depth.
Amazon is estimated to be capable of holding 45 mmbbls of oil/condensate plus 450 Bcf of gas if hydrocarbons are present and discovery at this level would be worth to Quest (QPN) 22cents per share or a 15 bagger from current levels on a 15% retained intrest in Amazon alone.
and thats why i am board this bad boy it offers a much bigger upside IMO than its ASX listed partners and in this current bubbly market i fell the market will eat up this deal once it is presented to market properly.
I tried to ring Head Office today to see what they had planned to get the word out before Spud date and some one is ringing me back tomorrow so i will keep you all in the loop...... i would say we will see a update very soon as it would be very a miss of head office if they didnt take advantage of pushing the upside of this project to the market i will never forget the reaction the market had when Kelso BUY,s CEO updated PEP11 with highlighted targets of $2.20 per share the SP went ballistic.
I cant see any evidence of any of the partners pushing the Amazon project so i would say we are on the cusp of a nice news stream from all partners involved........ hold tight crew this one could be a doozi once it starts to move cant wait..... stand out no brainer @ current levels IMO:)$$$
Happy Days
GB:)$$$$$
- Forums
- ASX - By Stock
- QPN
- here,s the scoop crew on qpn :)$$
here,s the scoop crew on qpn :)$$
-
-
- There are more pages in this discussion • 309 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QPN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online